One sinking fund that you should consider setting up immediately is a new car fund. This fund is designed so that you would pay cash for your car, and never have to take out an auto loan again. To many people the idea is simply preposterous. Not many people will ever have enough money saved and be in a place where they are comfortable paying for a new car. That is exactly why you should do this. If you are not comfortable making the purchase with cash up front, then should you really be making the purchase in the first … Continue reading →